Secrets Revealed: Why BSE and NSE Close for General Elections 2024 in Mumbai?

Why BSE and NSE Closed in Mumbai for the 2024 General Elections?

As the Mumbai Merchants prepare for the next Parliamentary Elections, they want to hear the status of the stock market opening. But the Bombay Stock Exchange (BSE) has already stated that it would be closed on Monday, May 20, 2024.

According to the statements available on the websites of the BSE and the NSE, both observe a trade holiday on May 20. Furthermore, there will be no trading in the electronic gold receipts (EGR) section, commodities derivatives segment, or currency derivatives segment.

The Multi-Commodity Exchange (MCX) will reopen for business in the evening session until either 11:30 PM or 11:55 PM, however, it will close for the morning session from 9 AM to 5 PM.

Vote counting is set for June 4 after four polling rounds on May 13, May 20, May 25, and June 1.

The National Stock Exchange (NSE) offers a trading window of six hours and fifteen minutes during regular business hours, which are observed on weekdays from 9:15 a.m. to 3:30 p.m.